AI

Almost 90% of Klarna staff are using AI daily and is a ‘game changer for productivity’ 

Klarna, the AI-powered global payments network and shopping assistant, has announced another milestone in its advanced adoption of AI technologies:  “We push everyone to test, test, test and explore,” said Sebastian Siemiatkowski, CEO and Co-Founder at Klarna. “As ...

AI solution creates up to 90% time savings in software development

The journey of creating software is long, complex, fragmented and involves dozens of separate tools. Embedded Artificial Intelligence solutions can streamline this process. In pilot projects with Latin American tier 1 banks GFT’s AI...

NatWest launches the latest GenAI upgrade to the bank’s digital assistant  

NatWest is announcing the launch of Cora+, an upgrade to its digital assistant, Cora, developed in collaboration with IBM. NatWest will be one the first banks in the UK to deploy Generative AI through a digital assistant.  Cora supports customers in...

Why the need for insurance firms to innovate cannot be overstated 

For firms operating in the insurance industry, transactional volumes and associated data is growing year-on-year. But managing this growth with spreadsheets presents an operational inefficiency as the industry continues to expand. This is worrying, with...

Introducing S&P AI benchmarks by Kensho (Beta)

S&P Global announced the launch of S&P AI Benchmarks by Kensho. This innovative benchmarking solution assesses and ranks the quantitative reasoning abilities and expertise of large language models (LLMs) across the business and finance industry. The...

Businesses spend on Artificial Intelligence tools rockets in first quarter of 2024 

Soldo’s Spring Spend Index reveals the extent to which UK businesses are rushing to invest in AI in a bid to usher in a new era of technology-driven productivity. Based on Soldo’s data, since Q1 2023, AI investment has surged an astonishing 2.75x with com...

Harnessing AI for optimal financial performance 

Ahmed Fessi, CIO at Medius, discusses the potential of AI in achieving peak financial performance.  One-third of European businesses have implemented Artificial Intelligence (AI) into their operations, recognising its potential to enhance productivity, ...

Jumping on the GenAI bandwagon: Pragmatism is important for FP&A teams 

Michael Lengenfelder, Head of FP&A Product Management at Unit4, explores the emerging role of GenAI in FP&A, stressing the importance of pragmatic integration. While GenAI holds promise, Lengenfelder underscores the necessity of combining its...

Can AI revolutionise the UK’s dating scene by matching financial compatibility? 

“The union of Artificial Intelligence and financial compatibility could mould a revolutionary model for the future of dating in the UK,” said Jason Adler, Software Engineer at Repocket. Does this sound like a futuristic prediction? Not entirely. This i...

Matalan launches groundbreaking GenAI tool to drive online sales in UK first 

Kin + Carta has created a Generative AI and Large Language Model (LLM) tool for UK retailer Matalan, which allows it to create detailed product descriptions for new items as they are added to its online inventory.  Developed and delivered in only three...

HSBC achieves a 15% uplift in monthly card spend using FICO’s AI-powered optimisation

At FICO World, a leading analytic and AI event, FICO announced that HSBC, one of the world’s largest banking and financial services organisations, has used AI-powered mathematical optimisation technology to grow its credit card portfolio. The project saw a 1...

Cambridge-based deep tech start-up Theia Insights raises US$6.5 million to bring foundational AI to the global investment community 

Theia Insights, a UK-based deep tech start-up launched by former Amazon Alexa scientist and solo entrepreneur Dr Ye Tian, has raised US$6.5 million. In another example of US venture capital looking to the UK for the most innovative technology companies, the...